Great Atlantic Resources (CVE:GR) Reaches New 1-Year Low – What’s Next?

Great Atlantic Resources Corp. (CVE:GR)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 2,139 shares traded. The stock had previously closed at C$0.06.

Great Atlantic Resources Price Performance

The business’s 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.09. The company has a market capitalization of C$3.98 million, a P/E ratio of -1.20 and a beta of 1.22. The company has a quick ratio of 0.84, a current ratio of 0.01 and a debt-to-equity ratio of -14.22.

Great Atlantic Resources Company Profile

Great Atlantic Resources Corp., an exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, silver, lead, zinc, tungsten, antimony, copper, nickel, cobalt, vanadium, and other precious and base metals. The company holds interest in the Golden Promise project located in central Newfoundland. It holds interests in Glenelg Vanadium, Kagoot Brook Cobalt, MacDougal Road, Keymet, Mascarene, Mount Raymond, and Porcupine properties located in New Brunswick; Pilley's Island and South Quarry properties located in Newfoundland; and Mitchell Brook property located in Nova Scotia.